Saturday, May 23, 2015

Unemployment Remains Ugly

May 4, 2012 by  
Filed under Economy, Hot Topics

The April numbers are out and the picture remains ugly. Remember there will also be a downward revision in the number of jobs created about three weeks from now. The full article is excellent but should you be short on time then the summary below says it all.

“Overall the report painted a picture of a jobs market that had gotten a boost from unseasonably warm winter weather but now has cooled.  Though the headline number indicated job creation, the total employment level for the month actually fell 169,000. The disparity likely emanates from a drop in the labor force participation rate — or the level of Americans actively looking for jobs or otherwise employed — from 63.8 percent to 63.6 percent, its lowest level since December 1981. The amount of discouraged workers swelled from 865,000 to 968,000, an increase of 12 percent. Those working part-time for economic reasons surged 181,000 to more than 7.8 million. “In the weakest recovery since the Great Depression, more than four-fifths of the reduction in unemployment has been accomplished by a dropping adult labor force participation rate — essentially persuading adults they don’t need a job, or the job they could find is not worth having,” said University of Maryland economist Peter Morici.”

“In short, overall employment fell, the number of Americans abandoing the workforce altogether surged by 12 percent, and even more Americans shifted to part-time work out of economic necessity.  Economic stats guru Zero Hedge notes that more than half-a-million US workers left the labor force last month — a number that dwarfs the official “jobs added” total.  President Obama often reminds us that he inherited the worst recession since the Great Depression.  His failed policies have, in turn, precipitated the weakest recovery since at least the 1930s, plunging us much deeperinto debt with very little bang for our borrowed buck.  No wonder the Obama campaign is desperate to manufacture wars on women, students, oil speculators, etc — anything to avert voters’ gaze from these awful numbers.”

Full article…



4 Responses to “Unemployment Remains Ugly”
  1. They are cooking the books. Since the economic collapse of 2008 and even before there is hardly an economic figure that our government releases before putting it on the grill first. We are indeed “A Nation of Lies”.

    Below is the link to the website of the documentary “A Nation of Lies” the nation that many still refuse to acknowledge as been the real nation and not the illusion that we get from their controlled media. I highly recommend to watch it in its entirety and perhaps we all will be more in tune about what to do and how to confront the grim future of our nation.

  2. Bill Boe says:

    The stagnant job market remains a result of the U.S. Chamber of Commerce’s eagerness to export U.S. companies production capabilities overseas to exploit cheap labor and increased profits ; most shoes made in China are just as expensive as the shoes that were once made in New England and the textile plants in Georgia and South Carolina are empty shells with communities dissolving around them. Ultimately, consumer spending ends recessions and pensions do not provide much spending power. We need manufacturing and industrial jobs and when Congress eliminates or reasonably reduces regulatory compliance requirements for production and stops creating economic incentives for U.S. companies to take jobs overseas, our economy will improve. I remember President Clinton establishing diplomatic ties to Vietnam with support from Bob Dole and John McCann……it was all about laws that enabled Vietnam to export goods here and to allow U.S.firms to operate there; we now have shirts made in Vietnam being sold in Penneys and Belks…..shirts made in sweatshops where workers live in dorms and work 60 hour weeks for $50! Then there was CAFTA championed by George W. Bush, Cliff Stearns, Adam Putnam , Jeff Miller, and also many Democrats. We make it hard for U.S. industries to operate here and easier for them to operate overseas….and then reelect the members of Congress who are responsible for this mess. It does not not to be this way. But until we vote as if our jobs depend on it, we will remain a nation of decaying textile mills, abandoned steel plants (I flew over Bethleham Steel once and its a ghost city!), and an oil industry that goes overseas to drill for the resources that are here. The Keystone Pipeline Project is the best current example of why our economy is flat; here is a practical and needed project that will generate jobs, reduce energy costs, that has been delayed or possibly killed by President Obama and Congress. The success or failure of this project is an indication of where we are headed… practical government or continued economic chaos. Study the project and let it guide some of your votes!

  3. Bill @

    I like things a bit simpler as macro analyzing is where they want us to be so that we get so tangled up with the trivia and the little people they control that we are unable to see the guys on top who are really pulling the strings.
    There is a shadow government.

    The choices we are given by the GOP or DNC are picked by them and already stuffed in their pockets.

    The elected politicians who work for them obviously do not work for us.
    The people must revolt and force them out.

    It will be a “Cold Day in Hell” before they allow us to do that only at the polls.

    I suggest watching the documentary which in one in a list of many that explain and simplify the perverted system that we live under.

  4. Bill Boe says:

    Pedro! You are right! The GOP was ONCE a semi-grassroots organization and then Tom Slade became State Chairman and the role of the executive committees were to support the candidates selected by The Boss and his back room elitists and to elect Jeb Bush governor; input was not welcome from the precincts; policy was dictated from the State Party and if you wanted to support a candidate not favored by Tom and Jeb you were not a loyalists, but a divisive influence; God forbid, you could read the Constitution and make your own decisions; the party of Goldwater and Reagan does not exist; John Martin within the GOP is an example of a candidate who is running on personal initiative and is certainly being ignored or trashed by the local GOP establishment. Ron Paul alone has not been intimidated by the Party leaders and he has been trashed and ignored too. The escape route is to select and promote candidates who are not part of a political/social club but have courage to voice their own distinct beliefs which are compatible to your own. Slade and Bush do not tell me how to think; history, heritage, economics, and self respect do that!

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